Does Your Employee Benefit Plan Need an Audit?

EBP Audits

The Employee Retirement Income Security Act of 1974 (“ERISA”) contains a requirement for annual audits of plan financial statements by an independent qualified public accountant. Determining if your plan is a “small plan” or “large plan” is the first step to establishing whether your plan needs an audit. This determination is based on the total number of participants at the beginning of the plan year.

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